Tag: peps

KYC Portal (KYCP) has formed a strategic partnership with StartKYC to introduce a new embedded AML screening capability, enhancing its existing compliance and client...

In the world of financial services, few areas attract as much attention or scrutiny as anti-money laundering (AML) compliance. Recent headlines involving both challenger banks...

LSEG Risk Intelligence has unveiled World-Check On Demand, a platform designed to deliver real-time risk intelligence data. The launch comes as the company celebrates the...

Compliance remains one of the most pressing challenges for financial institutions, payment providers, and cryptocurrency platforms. These organisations face a delicate balance: ensuring customer...

Fincom, a RegTech company specialising in anti-money laundering (AML) compliance and sanctions screening, has raised new capital in a Series B funding round.

Australia is moving to overhaul its anti-money laundering and counter-terrorism financing (AML/CTF) framework with a comprehensive new proposal aimed at aligning the country with global standards set by the Financial Action Task Force (FATF).

The FCA has recently completed its review on how PEPs, including Members of Parliament, public servants, and their relatives and close associates (RCAs), are handled by financial services.

The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).

The war in Ukraine has underscored how quickly sanction and PEPs lists can change. Since 2022, the US, UK, EU, Australia, Japan and Canada have imposed over 16,500 sanctions on Russia, according to the BBC. The current turbulent geopolitical scene means financial services firms need to be ready for regular, and often sudden, changes to PEPs and sanction lists. FinTech Global recently spoke to several industry players to ask whether financial institutions are keeping up with the modern sanction/PEPs landscape.

In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian...